• Return to Headlines

After Yesterday's Rally of 1.21% Shares Could Potentially Pullback

By James Quinn

General Dynamics (NYSE:GD) traded in a range yesterday that spanned from a low of $179.04 to a high of $180.85. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $180.59 on volume of 337,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, General Dynamics has traded in a range of $164.76 to $230.00 and is now at $180.75, 10% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend is tracking the current trend status for General Dynamics and will alert subscribers who have GD in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders General Dynamics

Ticker(s): GD